We are pleased to invite you to the Annex I Expert Group Side Event at UNCCC Montréal 2005:
"New Work from the Annex I Expert Group: CDM, Sectoral Crediting, Technology Co-operation & Future Options"
This side event will be held in Bay du Nord room of the Palais des Congrès on Monday 5 December, 6:00-7:30 pm. It will be facilitated by Harald Dovland, Chair of the Annex I Expert Group. Five just-released studies, produced under the auspices of the Annex I Expert Group, will be presented:
· The Developing CDM Market by Jane Ellis and Ellina Levina (OECD): The CDM Portfolio is growing extremely rapidly, both in terms of number of projects and number of expected credits. This paper presents and analyses the data on proposed CDM projects, including their types, estimates of associated CO2 emission reductions, and the projects’ geographic distribution. The data is based predominantly on publicly available project design documents (PDDs) submitted to the UNFCCC, from national or international carbon funds and from country-specific or other information.
· Sectoral Crediting Mechanisms: Initial Assessment of Electricity and Aluminium by Jane Ellis (OECD) and Richard Baron (IEA): There is much interest in addressing broad sectors and extending the scope of the project-based mechanisms established under the Kyoto Protocol, in a post-2012 agreement. As a contribution to this debate, the paper explores how a sectoral crediting mechanism (SCM) could work in the electricity and aluminium sectors and presents preliminary insights on the pros and cons of such designs. A SCM could rely on a baseline that considers the effects of a specific policy (policy-based), a rate of GHG emissions per unit of output (rate-based), or on a straight emissions limit (fixed limit). Further, it could operate at an international level (i.e. one baseline level across all countries) or allow for national variations (e.g., based on a formula to calculate the emissions baseline). This paper outlines each of these three possible designs for electricity generation and for primary aluminium production.
· New Commitment Options: Compatibility with Emissions Trading by Cédric Philibert (IEA): This paper considers different options for quantitative greenhouse gas emission commitments from the standpoint of their technical compatibility with emissions trading. The options considered are: dynamic targets, binding targets with price caps, non-binding targets, sector-wide targets/mechanisms, action targets, allowances and endowments, and long-term permits. This analysis suggests that interactions with energy markets must be taken into account in assessing the possible impacts of flexible targets and economic shocks on global carbon prices.
· Climate Mitigation: Integrating Approaches for Future International Co-operation by Cédric Philibert (IEA): This paper assesses whether different approaches to climate change mitigation, such as technology development agreements and quantitative emission targets, could be “integrated” in the future. It discusses the various arguments favouring integration, and the likely effects of various possible forms of integration. The paper considers in detail whether different approaches can be compared, by comparing efforts or results.
· International Technology Collaboration and Climate Change Mitigation: Synthesis Report, by Debra Justus (OECD) and Cédric Philibert (IEA): This paper is the last in an AIXG series that looks at international collaboration, particularly for energy technologies, in the context of climate change mitigation. The papers and case studies point out that there is little information to indicate that technology collaboration alone leads to emission reductions on the scale needed to limit growth in greenhouse gas emissions. For many energy production and consumption activities, technology change is a slow process. So to improve the environmental performance of energy technologies and accelerate their uptake, governments need a portfolio approach that includes technology and complementary economic and social policies that provide an adequate framework for essential private sector investment. Key elements of international agreements are summarised in the paper.
We look forward to meeting you and having a discussion with you about our recent work.
Elizabeth Corbett
Annex I Expert Group Secretariat
c/o Global and Structural Policies Division
Environment Directorate
Organisation for Economic Co-operation and Development (OECD)
2, rue André Pascal
75775 Paris Cedex 16
France
Tel +33 (0)1 45 24 76 93
Fax +33(0)1 44 30 61 84
e-mail: [EMAIL PROTECTED]
http://www.oecd.org/env/cc
---
You are currently subscribed to climate-l as: [email protected]
To unsubscribe send a blank email to [EMAIL PROTECTED]
- Subscribe to IISD Reporting Services' free newsletters and lists for environment and sustainable development policy professionals at http://www.iisd.ca/email/subscribe.htm
